Ethereum Retreats from $4,700 Amid Profit Taking: Key Levels to Watch for the Next Rebound

Ethereum’s latest rally hit a ceiling just shy of its all-time ￰0￱ climbing to $4,753, the asset was met with resistance and is now retracing amid a broader wave of profit-taking and thinning liquidity near historical ￰1￱ the scenes, crypto media and retail attention have surged once again, and firms like Outset PR are closely monitoring the ￰2￱ its proprietary Outset Data Pulse platform, the agency tracks real-time media trends across ￰3￱ intelligence helps crypto brands synchronize PR campaigns with moments of high momentum, while avoiding wasted spend during noise-driven ￰4￱ the market shifts, Outset PR aligns visibility with ￰5￱ Cools After Retest of All-Time High Ethereum briefly retested its August all-time high of $4,946, but failed to push ￰6￱ rejection at $4,753 marked the beginning of a short-term correction, one driven more by trader psychology than by structural ￰7￱ Relative Strength Index (RSI-14) has slipped to 63.27, down from a local high of 75.32, indicating diminishing bullish ￰8￱ still above the neutral 50 mark, the drop shows traders are no longer chasing the rally.

Instead, they're reassessing ￰9￱ to the evidence, ETH’s 24-hour volume jumped 28.3% to $51.4 billion, reflecting heavy selling. Historically, Ethereum experiences 10–15% pullbacks after breaking major resistance levels like $4,500, and this correction is playing out along familiar ￰10￱ Technical Levels: $4,542 and $4,406